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    St. Johns Net Leased Investment Title is generated by Realmo AI

    8535 N LOMBARD, Portland, OR 97203

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    Claim this Listing
    For Sale
    $1,725,000

    Net leased investment opportunity in the heart of St. Johns.

    Type:Commercial
    Property size:
    8,600 SF
    Price / SF:
    $200/SF
    Added:
    Apr 16, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 16 at 8:25 pm

    Property Features for 8535 N LOMBARD

    General Information

    Standard status
    Active
    Size
    8,600 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1907

    We can help!

    Listing Contact
    DONALD HANNA

    Listing agent DONALD HANNA

    Listing office HANNA NETWORK

    Listing date Apr 16, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of HANNA NETWORK

    HighLights

    • Strong proforma CAP rate over 8%
    • Rare net leased investment opportunity
    • Quality tenants and leases in place
    • Includes parking lot behind
    • Upside in finishing unfinished second floor offices
    • Opportunity to own second adjoining building at 8523‑27 N Lombard

    Overview

    This commercial property, located in the St. Johns area, presents a net leased investment opportunity. The property includes some leased second-floor office spaces. There is potential for upside by finishing the currently unfinished second floor. A parking lot is included behind the building. The property has a size of 8600 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $196.1k $22.80
    − Vacancy −$47.6k −$5.54
    EGI $148.4k $17.26
    − OpEx −$37.1k −$4.31
    NOI $111.3k $12.94
    8,600 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.59M
    $1.39M – $1.86M (±1% cap)
    NOI $111,324 @ 7.0% cap · market cap 6.45%
    Second Best
    Retail
    $1.43M
    $1.25M – $1.67M (±1% cap)
    NOI $100,233 @ 7.0% cap · market cap 5.81%
    Theoretical Best
    Office A
    $2.42M
    $2.11M – $2.82M (±1% cap)
    NOI $169,056 @ 7.0% cap · market cap 9.80%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Paul ... Insurance Agency Hello Sunshine Speech ... Physician North esthetics studio Spa & Massage Center Alison Pryor Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • St John's Flower Shop — 7810 N Lombard St, Portland, OR 97203
    • St. John’s Flower Shop — 7810 N Lombard St, Portland, OR 97203

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.7544357
    Latitude
    45.5903247

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    FAQs

    What type of property is this?
    Storefront property - Net leased investment opportunity in the heart of St. Johns.
    Where is this storefront property located?
    The property is located at 8535 N LOMBARD Portland, OR.
    What is the asking price?
    The asking price for this property is $1,725,000.
    What are key features of this property?
    This property features: Strong proforma CAP rate over 8%; Rare net leased investment opportunity; Quality tenants and leases in place
    (503) 774-8893
    We can help!
    Listing Contact
    DONALD HANNA
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